A Snapshot of Australia's Housing Market

Monday, August 01, 2016

Owning a home is the great Australian dream, but with 30% of Australians renting, could our love affair with bricks and mortar be turning sour? Our Aussie states go head to head as we compare affordability for buyers and renters.

How many Australians own their home outright and how many have a mortgage?

2 in 5 (40%) Australians are trying to own their own home and slowly pay it off, with the smallest category of all, 28%, being lucky enough to have paid off their home in full.

How do the capital cities compare when it comes to renting an apartment?

As you would expect, Sydney ranks as the most expensive city, costed at about $500 per week for your average apartment. Amazingly, Darwin is up there as well due to more more demand than supply and with not the same investment in stock. Meanwhile, if you move down to Hobart, it is almost half that, paying about $270 per week, and Adelaide not much beyond that at $370.

What if you are looking to buy a home, how much is that?

Sydney is still leading Australia by a long way with almost a $1,000,000 median house price. A distant second is Melbourne, at over $800,000. If you look down to Hobart, the median house price is $357,000, so that means using the money spent on a home in Sydney, you could buy about 3 homes in Hobart – and a pretty good lifestyle down there as well.

Looking at Australia as a whole, what is the percentage of apartments to houses?

About 3 in 4 Australians live in a detached home, so that’s traditionally been the Aussie dream. Then you have about 14% who live in apartments and 10% in townhouses. We are starting to see a change though, with a quarter of Australians now living in medium to high density housing. At the moment if you look at new housing approvals, it's 1 in 3, so it has gone up. If you look at Sydney and Melbourne, 2 in 3 new housing approvals are in medium to high density living. So we are starting to get more densified, with an increase in vertical communities compared to the more traditional horizontal ones, and that’s where we are headed in the future.

Watch Mark's full interview on The Daily Edition here

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare

Last 150 Articles


dream easy rider Generation Y housing trends schools Aussie Australia Day marriages The Daily Edition graphs education future eliane miles education future report village economic narcissism Real Estate New Zealand sustainable emerging technologies slideshare communities year 7 careers investing parenting VIC rental stress salary 2012 families youth middle class FOMO sun parents social enquiry Christmas presents youth unemployment futurist lifestyle WA conference presentation student Kirsten Brewer mccrindle research mccrindle tea tuesday educhat australia video technology real forecast participants moreton bay housing affordability holidays social sports future proof results home ownership post rationalism Word Up generation Z digital Kiwi vegetarian social life sunny days transport faux-cilise retirement budget optimistic children in the media wealth and income distribution school housing growth group online NT Financial Planning Association of Australia relevant NEETs employment rich Australians students environmental scanning Sydney 24,000,000 megatrends neutral bay ABS Scouts Charlotte conferences REIV Conference fears households English statistics mobile "know the times" financial dreams Queensland stats Engineering Manager leadership workshop identity keynote speaker house optus my business awards clothing generation social impact sydneysiders low density small business conference speaker communicate community engagement cartodb monarchy Wodonga google capital city DIY panel baby boomers business index social researcher environment repayments Love logan dreaming generation alpha buildings anzac award media seasons twentyseventeen socialising ultimo generations Melbourne 40 million friends wolloomooloo qualitative research marketing social commentary long weekend tea non profit workforce sydneycity omnibus networking employers charity Northern Territory school satisfaction tattoos young people healthy future economy suburban living innovation research services Channel Seven Real Estate Institute of Victoria stay home personal growth ethnography visual australians staying home more debt future-proof Australian communities 2016 weather Australian Census demographic mccrindle thrive high density living toys high density apartments ACF 2016 vegemite royal FPA house prices Northern Beaches Christian School New Zeland data summer shopping Australian Bureau of Statistics paying to work education winter local communities perth Territory household names pyrmont program Sydney keynote speaker potts point Myth renter of the future Tuesday Trend population growth internet cancelling event housing tableau faux-ciliser cooking woolworths baby leadership event 23 million friendship shopper's pick trend TAS teacher mccrindle in the media business unemployment property price jobs of the future living weekly earnings entrepreneur 24 million quote population milestone EFF intern Tuesday Trends dessert staff Northern beaches Event research data collaborative church ageing population The ABC of XYZ Education Future Forum motivate professional development sunburnt country baby names events average aussie wealth distribution South Australia curiosity Duchess of Cambridge entrepreneurial easter sector wide study experience social trends work-life demographer coffee Adelaide social shifts social commentator media release consumer Do It Yourself Australia Day 2017 cars Christmas lunch entertainment Financial Planning Association analysis Financial Planning Week online shopping career hills shire pharmacy new office debate cancelling plans Australian demographics national crime rates Population Clock teach aged care organisations list spend financial communication consumerism urban taskforce housing market outsourcing culture earn 2020 Royals Mark McCrindle goal alpha storytelling gender collaboration social researchers data visualisation Northern Beaches product Generation X leader ACF divorce Gen Y year 12 kate middleton survey capital cities owning a home Christchurch communications apartment proactive christianity organisational culture focus groups personalities moderators guide infographic wall emerging generations national private wealth bondi christmas group session 1994 manly government plans System's Architect australian communities forum teleworking women religion 10 years insight baby name trends high density 1980 keynote Australian Communities Trends poor education sector trends analyst research visualisation wedding workshop Western Australia 2017 cost blaxland Australian schools happiness click states prince george training global financial crisis greatness brand income australian social research cold education research menai Assistant Store Manager Channel 7 Gen X Res Vis residents social change internship investor cloudy days Bathburst offenders trends of 2016 gen alpha wealth and income schools students sydney event investment follow research high school Research Executive trend tuesday internships thought leadership ashley fell going out millennials challenge forecasting deloitte family australian communities trends report DESTEL world youth day suburb Australian Home priorities demographics rise of local optus university hopes darwin politics visualisation innovative father's day 2014 huffington post growing population Social Trend CBD future of work divorce rate supply and demand daily commute not for profit house price faux-cilising unaffordable report mateship brisbane rule keeper mythbusting hobart cancel plans conference royal baby waverton Australian Dream acf15 2015 interactive wellbeing Crime Rates office opening bureau crows nest teachers land of the middle class Caregiver World Water Day urban home royal family victoria SA future of education finance relational baby name media activity celebration Canberra ease of travel new york times Australian Trends tertiary education Queensland: QLD learn Aussies food teaching meetings domestic balance media commentary marrickville Valentine’s Day national wealth Tasmania resilience study builders cost of living hello fresh lalor park the changing face of Births commute future proofing tips 1968 GPO eliane workplace culture financial independence jobs staying in baby name predictions January 26th baby boom define focus group language forum trends presentations Christmas season engage New South Wales JOMO state skills marriage mortgage royal influence Netflix work mates brand experience resource earnings HSC Wellington ipswich shbc social media rising house prices school students global in depth interviews speakers pharmacies McCrindle Speakers presentation snapshot responsive 1975 Deaths wealth overcast increasing densification Wagga Wagga aussie culture selfie population map millenials entrepreneurs of today medicine public speaking city office market research office space dare to dream engagement winter blues mover and shaker safe recap urban living socialites rent affordable sector wide gen z insights survey design rain energy authenticity SMSF crime young australians renting etiquette men house price rise TDE home owner annual income Merry Christmas mining boom research pack case study affordability sydney speaker university degree social lives nfp geomapping mother's day cultural diversity hornsby IT Specialists sentiments volunteers ACT PSI global generations mentor work population publication learning brands norwest area Hornsby Shire Council cash gold coast typical australian life ageing future google for education grandparents water February 16 sector growth Australian Families litter social research suburbs know the times public holiday REIV National Conference news workplace daily telegraph researcher customer princess charlotte social analysis poker master 2013 change society property market demographic transformations infographic holiday world generational trends financial future ashley mckenzie local shifts demographic trends professional newspaper learner emerging trends millionth Geoff Brailey data analyst equip wages society trends child care professional speaker mythbusters facts goals the australian dream criminal learning styles census community event NSW aged care puzzle wage not-for-profit earning property trends of 2017 meals urban living index fresh ideas tv community townhouses educated couple